Mumbai: Several Public Sector Undertakings (PSUs) are scheduled to announce their Q3 FY26 results tomorrow, January 30, 2026. Investors are keen on the performance, especially for key PSUs like Power Grid and NTPC, where modest earnings growth is anticipated.
Power Grid Corporation of India Limited (POWERGRID)
Preview: Analysts expect modest earnings growth, with revenue seen up 5.2% YoY to ₹11,866.5 crore, and net profit expected to rise marginally by 0.5% YoY to ₹3,883 crore. Key investor focus will be on the pace of asset capitalization and the TBCB (Tariff Based Competitive Bidding) pipeline.
Last Q3 Results (FY25): Net profit fell 4% YoY to ₹3,861.6 crore from ₹4,028 crore in the corresponding quarter last year, while revenue dropped 3% to ₹11,233 crore.
Steel Authority of India Limited (SAIL)
Preview: The government's recent imposition of a three-year safeguard duty on select steel imports may positively impact the domestic steel industry. SAIL is expected to post a profit return of 10%-15% in the upcoming results.
Last Q3 Results (FY25): SAIL reported a significant 66% decline in consolidated net profit to ₹141.89 crore from ₹422.92 crore in Q3 FY24, primarily due to higher costs and pricing pressures. However, revenue from operations grew 5% YoY to ₹24,490 crore.
National Aluminium Company Limited (NALCO)
Preview: No specific Q3 FY26 preview data was available in the search results, but investor focus is likely on sales volume and cost management, similar to the previous year's performance drivers. The company may also consider an interim dividend during its board meeting.
Last Q3 Results (FY25): Net profit surged over 233% YoY to ₹1,566.32 crore, and total income increased by 40% to ₹4,761.31 crore, driven by improved sales and cost control.
NTPC Limited
Preview: Analysts anticipate a stable financial performance for NTPC, with profit seen up 5.6%, driven by ongoing capacity additions. Investor interests will center on the company's commissioning guidance and accelerated renewable energy expansion plans.
Last Q3 Results (FY25): The consolidated net profit was slightly down by 1.8% to ₹5,063 crore (or ₹5,169.69 crore depending on the source of adjustments), from ₹5,208.87 crore in the year-ago period, largely due to higher tax expenses. Revenue rose 5.2% to ₹45,053 crore.
Bank of Baroda
Preview: Expectations suggest continued healthy asset quality and growth in non-interest income, which were key drivers in the previous year.
Last Q3 Results (FY25): The bank posted a consolidated net profit of ₹5,214 crore, a 5.6% YoY growth. The Gross NPA (Non-Performing Asset) ratio improved to 2.43% from 3.08% YoY.